LS Group chairman Koo Ja-yeol visited Japan on May 13 for a five-day business trip. On the first day of his trip, he visited JX Metal Industry, LS Group’s partner in LS-Nikko Copper, to discuss their further cooperation in the smelting industry. After that, he met or is scheduled to meet with key partners such as Yanmar, Furukawa Electric, Mitsubishi Motors and Montbell.
Business in and with Japan takes up a large portion in LS Group. The group’s trade with Japan amounted to 840 billion won in 2018 alone. About 20 LS Group employees are currently staying in the group’s arms in Japan.
The chairman is one of those who are making intensive efforts for better South Korea-Japan relations. He is a member of the Vision Forum of the two countries, which was organized last month. The purpose of the forum, which has former diplomats, entrepreneurs, scholars and so on as its members, is to improve the relations in the private sector and the forum holds two regular meetings each month for the purpose. The upcoming meeting is scheduled for May 27.
The chairman is a well-known expert in Japan. From 1992 to 1995, he was in charge of LG International’s business in Japan, building personal rapport with a large number of Japanese entrepreneurs and politicians.